Ducab, a UAE-based cable and wire company, is increasing its focus on recycling and local sourcing of raw materials. This comes as demand rises for metals like copper and silver, which are used in clean energy systems. Speaking at the World Utilities Congress in Abu Dhabi, Shailendra Pratap Singh from Ducab said copper demand could double in five to ten years. He said that “supply from countries like Chile, Peru, and the Democratic Republic of Congo may face issues.” These include political risk and climate-related disruptions. Singh said copper prices are expected to rise. He referred to a forecast from…
Author: Lakshita Kapoor
Dubai’s AMEA Power and Japan’s Kyuden International have signed an agreement. The two companies plan to work together on energy projects. These projects will focus on renewables and green hydrogen. The signing took place recently. It sets up a way for both sides to explore and develop clean energy solutions in different countries. AMEA Power has projects in solar and wind with about 2,600 megawatts already in operation or being build with additional 6 GW planned across different countries. Kyuden International is part of the Kyuden Group, a major energy company in Japan. The group brings technical experience and global…
Egypt is preparing to grow its renewable power capacity. By 2035, the installed renewable capacity is projected to reach 31.6 gigawatts (GW). This is based on a new market outlook report published by GlobalData. The report says that “from 2024 to 2035, Egypt’s renewable capacity is expected to increase at a compound annual growth rate (CAGR) of 20.4%.” During the same period, renewable electricity generation is expected to grow at a CAGR of 19.4%, reaching 88.9 terawatt-hours (TWh) per year by 2035. The government of Egypt has set a target to generate 42% of its electricity from renewable sources by…
Alterra, a climate investment fund established by the United Arab Emirates (UAE) in 2023, has announced a new investment in Europe. The fund is putting $50 million into Absolute Energy, an Italian renewable energy company. The money will help support 1.4 gigawatts of solar and battery storage projects in Italy. This is Alterra’s third direct equity investment. It comes after earlier deals with Evren in India and Neoen in France, both valued at $100 million. The current deal is being made alongside U.S.-based infrastructure company I Squared Capital. The new projects are expected to reduce emissions by about 380,000 tonnes…
A new renewable energy support program was launched in Zimbabwe. The GET.invest and GET.transform initiatives opened a dedicated country window. The announcement was made during the EU-Zimbabwe Economic Forum held in Harare. The window is funded by the European Union and the government of Germany. It is aimed at helping Zimbabwe increase private investment in renewable energy. The support includes technical help, financial guidance, and assistance with policy reform. GET.invest will offer its EDGE Finance tool and advisory services. GET.transform will focus on governance and regulatory frameworks. The program is designed to help local and international investors enter the Zimbabwean…
Ministry of Electricity, Iraq is moving forward on two new solar power agreements. Talks are in the final stage with Saudi Arabia’s ACWA Power to build a 1,000 megawatt (MW) solar plant in Najaf. At the same time, the ministry is working with UAE-based Masdar to build four solar projects across the country with a total capacity of 1,000 MW. Iraq has recently begun construction on its largest solar power plant to date. The 1,000 MW Basra Sun project broke ground in March 2025. This facility will be one of the largest of its kind in the region once completed.…
AMEA Power has completed a 500-megawatt wind power project in Ras Ghareb, located in Egypt’s Red Sea Governorate. This plant is now operational. It joins AMEA Power’s previously launched 500-megawatt solar project in Aswan, commissioned in November 2024. Both projects together bring AMEA Power’s total commissioned capacity in Egypt to 1 gigawatt. The Ras Ghareb wind plant was built through a joint venture between AMEA Power, which holds 60%, and Sumitomo Corporation, which holds 40%. The wind facility is projected to produce about 2,500 gigawatt-hours of electricity per year. This output can supply electricity to over 500,000 homes and is…
Aljomaih Energy and Water Company, along with France-based TotalEnergies Renewables, has completed financial closure for the Rabigh 2 Solar Independent Power Plant in Saudi Arabia. The project has a capacity of 300 megawatts (MW). The total investment for the project is around 825 million Saudi riyals, which is approximately 220 million U.S. dollars. The project comes under the fifth round of the National Renewable Energy Program (NREP), overseen by the Ministry of Energy. A 25-year Power Purchase Agreement (PPA) was signed in December 2024 between the consortium and the Saudi Power Procurement Company (SPPC). The solar power plant is scheduled…
ACME Cleantech Solutions from India is building a solar-powered green ammonia project in Duqm, Oman. To help the sun do more work, the company has teamed up with Arctech from China. The two companies have signed a contract for 175 megawatt-peak (MWp) of solar trackers. The equipment will arrive in batches starting July 2025. These solar trackers, called Skyline II, are built to follow the sun as it moves across the sky. They tilt and rotate to get the best sunlight during the day. They are also designed to handle sandstorms, high temperatures, strong winds, and the dry desert air…
ACWA Power has signed several new agreements in Malaysia. These were announced during the ASEAN-GCC Summit held in Kuala Lumpur. The agreements include a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) and Strategic Partnership Agreements (SPAs) with companies including Tenaga Nasional Berhad (TNB), Terengganu Inc., and UEM Lestra. The MoU with MIDA outlines plans to explore power projects with up to 12.5 gigawatts (GW) of capacity in Malaysia by 2040. The projects are expected to involve an estimated investment of up to 10 billion U.S. dollars. ACWA Power and its partners will focus on developing clean…